Table of Contents
Highlights: September 2008
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- Grocers
- Multi-sector retailing
- Clothing retailing
- Department stores
- Electrical stores
News Analysis
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- Bakers (retail)
- UK: Thorntons reports FY profit rise
- Co-ops (retail)
- UK: Co-op
- … announces plans to sell off 107 Somerfield stores
- … installs mini-banks in 250 stores
- … signs Bryan Robson as sponsor
- …plots £50m drive to promote ethical approach
- Grocers
- Australia: Woolworths FY profits up
- Czech Republic: Rewe gets approval for Plus acquisition
- Europe: Auchan to open more stores in Portugal
- France: Carrefour H1 profit rises
- France: Casino reports solid H1 results
- Ireland: Superquinn
- …attracts interest
- …sees bids mount
- Japan: Seven & I to launch discount concept
- Netherlands: Ahold struggles in Q2
- Netherlands: Schuitema to cut 20% of all jobs by end-2009
- Netherlands: Super de Boer posts H1 profit and LFLs rise
- Russian Federation: X5
- …to retain Karusel brand for its hypermarkets
- …resolves Formata issues
- …H1 profit grows
- …predicts FY gross sales to reach $10bn
- UK: Aldi
- …joins BRC
- …enters mainstream
- … signs £10m advertising deal with TV chef
- UK: Asda
- …in milk price war with Tesco
- …frets over Christmas despite rise in LFLs
- …kick starts mobile price war
- …to open 5 new Living stores before end 2008
- … stops using celebrity advertisers
- UK: Lidl to launch Express format
- UK: Morrisons
- …sees H1 profits jump 12.8%
- …launches schools initiative
- …'Crunch Bunch'
- UK: Sainsbury’s
- …pushes own-brand goods to entice beleaguered customers
- …subject of takeover rumours
- …to open first in-store dentist
- …hires former Coronation Street actress
- …pushes own-brand goods to entice beleaguered customers
- UK: Tesco
- …unveils plans for cash&carry business in India
- …announces 2bn carrier bags saved since 2006
- …looks to raise £500m from sale of stores
- …in £605m sale and leaseback deal
- …profits from local produce
- …to open pensioner-friendly store
- …"must go green," says CEO
- …reviews £80m media account
- US: Ahold's Stop&Shop reaches "amicable" agreement with Whole Foods
- US: Supervalu adds premium private-label line
- US: Whole Foods to scale down size and number of new stores
- Clothing retailing
- Italy: Benetton sees flat H1 profits
- Japan: Fast Retailing to expand in Russian and Indian
- Spain: Zara posts 9% rise in Q1
- UK: Arcadia
- …adapts sites for US launch of Topshop
- …owner predicts "double dip" in 2009's high street sales
- UK: Fat Face owner buys chunk of debt
- UK: Matalan accused of squeezing suppliers
- UK: Moss Bros puts Cecil Gee up for sale
- UK: Next reports 12% fall in H1 profit
- UK: Primark predicts good H2, FY results
- UK: SRG unveils first new-look Suits You store
- UK: Urban Outfitters to bring Anthropologie to Regent Street
- US: Gap Q2 LFLs drop, profits surge
- US: TJX posts 5% rise in Q2 LFLs
- US: Urban Outfitters sees H1 lift
- Footwear retailing
- UK: Faith shoes bought by Kinnaird
- US: Footlocker swings to Q2 profit
- Mass merchandisers
- US: Target's Q2 hit by consumer cutbacks
- US: Wal-Mart
- …posts higher Q2 profit
- …Marketside goes purple
- Mixed goods retailing
- UK: Argos' and Homebase' Q2 LFLs disappoint, Homebase value lowered
- UK: Mothercare appoints Nield as group marketing director
- UK: Woolworths
- …rejects Iceland offer
- …chairman remains open to discussions
- …shareholder says no to takeover offer
- …attracts Iceland's CEO
- … appoints new chief executive
- Multi-sector retailing
- France: PPR
- …sparkles in H1
- …rumoured to be considering sale of Conforama
- Germany: Arcandor
- …posts Q3 loss
- …mail order subsidiary to start selling drugs
- UK: Boots launches drive-through pharmacy
- UK: HMV
- …to open new-format store in Liverpool
- …reports rise in 18-week sales
- UK: John Lewis
- …chairman vows not to axe jobs
- …curtails expansion plans amid tightening market conditions
- …posts fall in H1 profit
- UK: M&S
- …to cut redundancy benefits, triggers fear over jobs
- …to bring forward Q2 trading statement
- …suspends redundancy whistle-blower
- …waters down controversial changes to redundancy terms
- …fires staff member who leaked redundancy change details
- …responds to criticism over sacking of 'whistle-blower' employee
- …promotes restaurant quality for nights in
- US: Sears Q2 profit falls
- Health and beauty retailing
- Germany: Celesio posts worse-than-expected Q2 profits, issues profit warning
- UK: Body Shop returns to ethical heritage
- US: CVS to buy Longs stores
- Department stores
- Australia: David Jones predicts stellar H2 results
- UK: Beales reports 6% decline in 43-week sales
- UK: Debenhams hands customer mag to Frost Publishing
- UK: General Trading Company to relaunch in spring
- UK: Harrods signs up West End musical
- UK: House of Fraser sees sales rise
- UK: Liberty losses widen in H1
- US: Dillard's losses grow in Q2
- US: JC Penney posts poor H1 results
- US: Kohl's
- …chief to depart?
- …Kohl's H1 sales edge up
- US: Macy’s posts drop in Q2 profit, lowers FY sales forecasts
- US: Nordstrom reports H1 sales drop
- US: Saks
- …acquisition offer fails to tempt Baugur
- …suffers in Q2
- Electrical retailing
- UK: DSGi
- …reports flagging Q1 sales
- …says that consumer demand has "switched off”
- …has acquisition proposal refused
- UK: Kesa
- …reports plunging Q1 sales at flagship chains
- …overhauls Comet website
- Carpet retailing
- UK: Floors-2-Go administrators sell 80 stores
- DIY retailing
- US: Home Depot suffers in Q2
- Furniture retailing
- Sweden: Ikea forecasts record FY sales
- UK: MFI
- …considers merger in midst of ongoing troubles
- …acquisition row settled for £8m
- UK: Strategic Retail reveals FY loss
- Home shopping
- UK: Asos chief bucks downturn, netting £352,000 in pay & bonuses
- UK: Findel's sales edge ahead
- UK: Shop Direct
- …faces strike prospect
- …quells staff concerns with revised pay deal
- US: Amazon to debut in Middle East
- Garden centres
- UK: Wyevale appoints COO
- Toys and games retailing
- US: GameStop sees LFLs surge in Q2
- Jewellers
- UK: Signet posts H1 profits
- US: Tiffany Q2 buoyed by international sales
- Books and Stationery Retailing
- UK: Waterstone's hands digital ad account to LBi
- US: Barnes & Noble
- …misses Potter effect in Q2
- …refutes rumours of Borders acquisition
- US: Borders narrows Q2 loss
- Miscellaneous specialist retailing
- UK: Halfords chairman steps down
Economic News
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- China: Retail sales up in July
- Czech Republic: Retail sales slow in June
- Germany: Retail sales remain flat year-on-year, fall month-on-month
- Spain: Retail sales fall in July
- Swiss: Retail sales grow in June
- UK:
- …BRC reports drop in August LFLs
- …CBI: August suffers from wet weather and disappointing sales
- …ONS: July retail sales remain positive
Market Analysis: Clothing Retailing
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- The European clothing market
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- Figure 1: Europe: Estimated consumer spending on clothing by country, 2006-07
- Clothing specialists’ sales
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- Figure 2: Europe: Clothing retailers’ sales, 2006-07
- Leading retailers
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- Figure 3: Europe: Top 20 leading clothing retailers, 2007
- Consolidation?
- Seppälä and Lindex
- Matalan
- Emerging markets’ domestic players
- European market shares
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- Figure 4: Europe: Leading clothing retailers market shares, 2007
- Growth of online
- Fashion e-zines
- Social networking
- Multi-channel?
- Consumer expenditure
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- Figure 5: Europe: Total consumer expenditure (current prices), 2003-07
- The future
- Clothing specialists
- Hypermarkets and department stores
- Online
Company Profile: Grupo Inditex
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- Figure 6: Grupo Inditex: Sales as share of clothing specialists’ sales in Europe, 2003-07
- Strategic evaluation
- Recent history
- Financial performance
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- Figure 7: Grupo Inditex: Group financial performance – continuing operations, 2003/04-2007/08
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- Figure 8: Grupo Inditex: Sales growth by type, 2003/04-2007/08
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- Figure 9: Grupo Inditex: Estimated sales in key European markets, 2004/05-2007/08
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- Figure 10: Grupo Inditex: Consolidated sales by geographic region, year to January 2004-08
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- Figure 11: Grupo Inditex: Sales performance by fascia, 2003/04-2007/08
- Store portfolio
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- Figure 12: Grupo Inditex: Outlet and country numbers, 2003/04-2007/08
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- Figure 13: Grupo Inditex: Outlet numbers by fascia, 2003/04-2007/08
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- Figure 14: Grupo Inditex: Outlet data by fascia, 2003/04-2007/08
- Figure 15: Grupo Inditex: European outlet numbers by country and fascia, January 2008
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- Figure 16: Grupo Inditex: Breakdown of proportion of company owned and franchise stores, by fascia,
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- Figure 17: Grupo Inditex: Expansion plans, 2008
- Retail offering
- Market positioning
- Zara
- Massimo Dutti
- Bershka
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- Figure 18: Grupo Inditex: Company websites, 2008
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